|| EC30920 |
|| INTRODUCTION TO ECONOMETRICS |
|| 2007/2008 |
|| Dr Kobil Ruziev |
|| Semester 2 (Taught over 2 semesters) |
|| EC10210 , EC10320 , EC10610 and appropriate quantitative background OR appropriate mathematics and statistics modules, EC10510 , EC10910 OR |
| Course delivery
|| Lecture || 30 Hours. |
|| Seminars / Tutorials || 6 Hours. |
|| Practical || 6 Hours. 6 PC practical workshops |
|Assessment Type||Assessment Length/Details||Proportion|
|Semester Exam||3 Hours ||70%|
|Semester Assessment|| 2 pieces of coursework||30%|
|Supplementary Assessment||3 Hours exam and/or resubmission of coursework ||100%|
Having completed the module students will be able to:
Recognise a set of results from an OLS regression
Carry out a regression using microfit
Recognise key diagnostic tests
Describe the various remedies of these problems
Assess the policy implications of econometric models
This module introduces students to linear regression in economics, and the estimation, inference and hypothesis testing procedures involved. It builds from this introduction to help students to understand the implications of the failure of the assumptions which are fundamental to Ordinary Least Squares (autocorrelation, heteroscedasticity and multicollinearity) and the remedies to these failures.
This module presents the basics of econometrics governing failure of the Gauss Markov assumptions and the remedy to these problems.
Description of an Ordinary Least Squares regression
Key Gauss-Markov assumptions
Autocorrelation + heteroskedasticity
Erros in the variables
Independent work on assessed coursework requiring basic researching skills
Use of statistical computer software to assess economic performance
General economic and financial analysis of contemprary issues
** General Text
Koop, Gary. (2000.) Analysis of economic data /by Gary Koop.
John Wiley 0471999156
Maddala, G. S. (1992.) Introduction to econometrics /G.S.Maddala.
Maxwell Macmillan International 0023745452
Pesaran, M.Hashem (1997.) Working with Microfit 4.0 :interactive econometric analysis : [Dos version] /M.Hashem Pesaran and Bahram Pesaran.
Oxford University Press 0192685309
Stewart, J (1991) Econometrics
** Recommended Text
Dougherty, C Introduction to Econometrics
2nd Edition. Oxford University Press
Gujarati, Damodar N. (2003.) Basic econometrics /Damodar N. Gujarati.
This module is at CQFW Level 6